Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 317. (Read 723990 times)

all it says regarding interests for borrowed funds:

LOANS
Charged on your existing uninsured credits interests, paid by the lender    10.0% (of the interests generated by active credits)
Charged on your existing insured credits interests, paid by the lender    30.0% (of the interests generated by active credits)


doesn't really specify about the unused borrowed funds though.

https://bitfinex.com/pages/fees

No.

also, do you get charge interest for funds under the unused borrowed funds tab?

Borrower pays the annualized percentage of interest that is displayed.  From that interest payment, they take 10% as fee, so just the lender.

oh they take 10% from the lender and borrower or just lender?

Bitfinex takes 10% of the generated interest as their fee, thats why you multiply by 0.9 .

how did you get this formula?  I usually do 100/365= ~.27 , then move back 2 dec places = .0027 * 10000 = $27 per day

I believe it is:
(10000*100*0.9)/36500 = 24.65$
my estimates are generally pretty correct using this formula.  If it's way lower, might be that your loan got cancelled, and then renewed after a while.

I've been noticing above-expected interest received on loans.

I sent an email and Raphael said it could be from loans closing early (and that there wasn't a bug).

Today I got 307% APR, presumably after the commission was taken out (so the real APR is 340%).  And I'm lending out at the flash return rate - which I've only seen in the  145-175% range.

Unless the website has a different idea of how to calculate APR this is pretty weird.


I'm doing
APR=((daily interest / size of loan) + 1) ^ 365   - 1
And then multiply by 100 if you want percent.

Set your Stop orders and your Take Profit orders, brace yourself and "No Worries"

The site is pretty unstable since last week.

I know bitfinex is already protected by Cloudflare. However, sometimes Cloudflare cannot reach your origin server (maybe it is down, timeout, whatever reason).

It is definitely not good for trading.....

UpDate: Deposited Funds Credited

NEVER had any doubt in BitFinex for a moment,
I did my "Due Diligence / HomeWork" way in advance,
and they have PROVEN me CORRECT !

My only concern was having made the deposit during the CRASH
and not being able to enter the deposited amount on the notification screen !
But "Raphael Nicolle" explained that the "Notification Screen" is a secondary security process
and that the Transaction Number never changes, what's important is to make sure it's noted on your WIRE !

Moving FORWARD !

+1, Kudos, LOL !

That's really hilarious.... I would never have expected somebody complaining about us not running out of funds on Bitstamp!
Is there something we can do in order to please you all?

 

Have a good day

Giancarlo
Bitfinex Team

I don't want to sound disrespecting, but you are confusing me with a beginner. Thank you for your intention though.

Actually "Raphael Nicolle" responded to my personal EMail,
after sending a EMail via the Forum contact forum.

Listen, I'm not sure about what world you are living in, but
in my world, "Money does not take a REST", wish we all had
the luxury of taking the weekend off and not answering customer's
questions, and I repeat:

"I assumed that at the very least that someone from Bitfinex.com would have acknowledged that you received
my EMail regarding having sent the Bank Wire during your "WebSite CRASH and not being able to enter the amount"

and

"Strange enough within the same time-frame another BitCoin Exchange that I was considering instead of Bitfinex.com
has contacted me FIVE times in simply helping me reset a password, and I have not even sent them any cash, I sent
the cash to Bitfinex.com, but have not heard a word from Bitfinex.com, ZERO."

Make that SEVEN times now that the other exchange has contacted me now, also had to reset my 2FA with the other
exchange, there is a lot to be said about support, regarding countries, it's said that "Countries can be judged by the
way they treat their Have-Nots", I'll expand on that and say that "Companies can be judged by the LEVEL OF SUPPORT
that they PROVIDE their customers"

After sending them $6000 USD during their Website CRASH,
you are DAMM Right I contacted them to be assured,
WHAT FREAKING WORLD ARE YOU LIVING IN ?

If you have any arguments to that I would love to hear them,
in addition to selling you some SWAMPLAND IN FLORIDA.

Also who died and made you "Chief Commentator" ?, for Christ's Sake !, incredible.

I was born at night, but not last night !

Not only that, but if I had SPAMMED them as you put it,
then it would have been posted in over 5000 article directories,
Internet Marketing is my expertise, trust me when I say that  I did not SPAM them !

"Dude, it's Sunday and you sent your bank wire on Thursday (Thanksgiving + national holiday in the USA, if you're from there your bank won't send it)."

CURRENTLY I'M NOT IN THE U.S.A., SO THANKSGIVING DAY IS NOT RELEVANT, I'M IN CANCUN, MEXICO, ANY OTHER QUESTIONS ?

how come bitfinex hasn't run out of funds on bistamp for several days?  they couldn't have possibly deposited THAT much money on bistamp....

Dude, it's Sunday and you sent your bank wire on Thursday (Thanksgiving + national holiday in the USA, if you're from there your bank won't send it).

It is quite likely that your bank didn't even send them any money yet... Anyways, faster support times would be nice, you however decided to spam them AND not just simply wait a little bit and try again to fill the web form with the correct amount and now are acting up because they didn't answer on the weekend. Why?

Anyone home at Bitfinex.com ?

No one from BFX has posted here in 3-Days now, 11-29-2013, I sent a Bank Wire on 11-28-2013,
that is the same night that the Bitfinex.com website CRASHED, when I returned home from the Bank
the Bitfinex.com website had crashed already disabling my ability to enter the amount ($6002 USD)
on the Bitfinex.com "Notification Screen", therefore I sent the amount via normal email to all of your
EMails listed on the Bitfinex.com support page:

https://www.bitfinex.com/pages/support

Contact us

Don't hesitate to get in touch:

For Support / [email protected]
For Suggestions / [email protected]
For Compliance / [email protected]
For Business / [email protected]

Do you guys take the weekend off ?, three days have passed and I have had "No Response" from anyone
at Bitfinex.com.  I understand that Bank Wires only count "Business Days" not including weekends, but I
assumed that at the very least that someone from Bitfinex.com would have acknowledged that you received
my EMail regarding having sent the Bank Wire during your "WebSite CRASH and not being able to enter the amount".

Strange enough within the same time-frame another BitCoin Exchange that I was considering instead of Bitfinex.com
has contacted me FIVE times in simply helping me reset a password, and I have not even sent them any cash, I sent
the cash to Bitfinex.com, but have not heard a word from Bitfinex.com, ZERO.

Appears it's time for an "UP-TICK" in Bitfinex.com's "Customer Service" wouldn't you agree ?, especially when it comes
to USD / Bank Wires. Have a heart and keep us "SMALL GUYS" in mind here.

Goes without saying that, having sent a Bank Wire during your WebSite Crash and then receiving NO RESPONSE is a
"UN-COMFORTABLE FEELING"

"Any Response is Better Than No Response"

Stop loss orders for your lower limit and Limit orders for whan to take the profit... you can set them from right at the beginning when starting your position...